This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 1-bathroom apartment of 80 m², built in 1996, energy rating D. Located on rua das Portas do Postigo, 1, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment includes a private patio with a barbecue, enhancing outdoor living options in a historic setting close to key attractions in Tavira.
The valuation. The asking price of €273,000 is significantly below fair value at €321,633, positioning this property as subpriced by €48,633 (15.1%). This presents a strong opportunity against the market. Buy-to-flip angle. With incremental renovations to address dated materials and fixtures, a buy-to-flip strategy could enhance appeal for resale, targeting a higher market price leveraging the location's tourist potential. Buy-to-let angle. The estimated rental income of €978/month offers a gross yield of 4.3%, making it a viable buy-to-let investment in a region that thrives on tourism, ensuring steady cash flow.
Fair value modelled at €321,633 from 6 comparable sales in the area. Asking €273,000 sits €48,633 (15.1%) below — the upside to fair value.
Asking €273,000 versus the rua das Portas do Postigo, 1 area baseline of €324,801 (€4,060/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 42/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €324,801, adjusted for condition and micro-location, gives a modelled fair value of €321,633 (€4,020/m²), a €48,633 (15.1%) gap versus the €273,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Portas do Postigo, 1 | Subject | €273,000 | €3,413 | — | 35 | 56 |
| rua 25 de Abril, 7 | Active | €349,500 | €3,883 | 13.8% | 48 | 55 |
| rua 25 de Abril | Active | €250,000 | €3,906 | 14.5% | 52 | 62 |
| Tavira (Santa Maria e Santiago) · 49b782 | Active | €186,000 | €5,167 | 51.4% | 42 | 51 |
| Tavira (Santa Maria e Santiago) · 6c7bf5 | Active | €199,000 | €4,061 | 19.0% | 62 | 59 |
| Median comp | €224,500 | €3,984 | 16.7% | 50 | 57 |
Short-term vacation rental The property presents an interesting opportunity for short-term vacation rentals, as evidenced by its 4.3% gross yield and the fair value exceeding the listing price by 15.1%. With the tourism-driven economy in Tavira, this apartment can attract visitors seeking affordable accommodations in a culturally rich area. Buy-and-hold Considering the current listing price at €273,000 is 15.1% below the fair value of €321,633, this property represents a viable option for a buy-and-hold strategy. The stable demand influenced by local tourism creates a solid foundation for future appreciation and rental income. Not ideal for The property’s moderate condition score of 42/100 and the neighborhood rating of 56/100 indicate it may not be suitable for targeting luxury buyers or student housing, which typically require higher standards and amenities. Therefore, focusing on vacation rentals and long-term tenants rather than indulging in high-end or student markets is advisable.
Low demand risk The property faces a significant risk due to an economic stability score of 40/100, indicating a weak market that may struggle to attract tenants, compounded by a tenant stability score of 50/100, suggesting potential turnover issues and unreliable rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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